The report on Beverage Packaging Market by application(alcoholic beverages, dairy beverages and non-alcoholic
beverages), by material (glass, HDPE, metal, paperboard, plastic, PET, and others), by type(bottle, bulk, can, carbon,
draught, pouch, and others) trends analysis and forecasts up to 2023 studies the market sizes, key trends and
opportunities in the main geographies such as North America, Europe, Asia-Pacific, Rest of the World. According to
the report the Global Beverage Packaging Market is projected to grow at a CAGR of 3.6% in terms of value over the
period of 2017-2023. The growth in the world market is primarily driven by significant contribution by North America
(Leading region) region to this market.
Personalization of the beverage packaging is becoming more important as companies try to attract customers with
aesthetic and functional designs. Smaller size packs and multi-packs meant for individual consumers are expected to
spur growth of market in the near future. Growing disposable income among consumers in developing countries and
surge in consumption of beverages are likely to drive the beverage packaging market over the forecast period.
Decrease in commodity prices and the unstable economic conditions in several parts of the world are the two major
challenges for the major players in the market. It is expected that the emphasis on adopting next-generation
beverage packaging technologies in major markets will lead to growth in the sector. Lower crude oil prices have
enabled major players in the market to make profit from the plastic based beverage packaging products in the recent
past. Increase in demand for convenience beverage products presents opportunity for the manufacturers.
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Segments Covered:
The report segments the beverage packaging market by application, material, type, and region. The segmentation of
market based on application includes alcoholic beverages, dairy beverages and non-alcoholic beverages. On the basis
of material, the market is segmented into glass, HDPE, metal, paperboard, plastic, PET, and others. Furthermore,
based on the type, the market is segmented into bottle, bulk, can, carbon, draught, pouch, and others.
Infinium Global Research